Notice of Annual and Special Meeting

Caracal Energy Inc. - Notice of Annual and Special Meeting CALGARY, April 17, 2014 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company") (LSE:CRCL) announces that its 2014 Annual and Special Meeting will be heldon Thursday 15 May 2014 at 10:00 a.m. at 200 Aldersgate, Aldersgate Street,London EC1A 4HD, United Kingdom. A Proxy Statement and Information Circular (the "Circular") has been mailed toshareholders which includes the Notice of Annual and Special Meeting (the"Notice"). The Circular and the Notice together with the Form of Proxy areavailable on Caracal's website and at www.sedar.com. In accordance with the Listing Rules, copies of the following documents havebeen submitted to the National Storage Mechanism and will be available forinspection at www.Hemscott.com/nsm.do. Annual Report for the year ended December 31, 2013 (which includes 2013 annualfinancial statements and 2013 annual management's discussion and analysis)Annual Information Form for the year ended December 31, 2013Notice of 2014 Annual and Special Meeting and Proxy Statement and InformationCircularProxy Form relating to the 2014 Annual and Special Meeting of Shareholders About Caracal Energy Inc. Caracal Energy Inc. is an international exploration and development companyfocused on oil and gas exploration, development and production activities inthe Republic of Chad, Africa. In 2011, the Company entered into threeproduction sharing contracts ("PSCs") with the government of the Republic ofChad. These PSCs provide exclusive rights, along with its partners, to exploreand develop reserves and resources over a combined area of 26,103 km2 insouthern Chad. The PSCs cover two world-class oil basins with oil discoveries,and numerous exploration prospects. The Company's shares trade on the London Stock Exchange under the symbol CRCL. SOURCE: Caracal Energy Inc. For further information: Caracal Energy Inc.Gary Guidry, President and Chief Executive OfficerTrevor Peters, Chief Financial Officer +1 403-724-7200 Longview Communications - Canadian Media EnquiriesAlan BaylessJoel Shaffer +1 604-694-6035+1 416-649-8006 FTI Consulting - UK Media EnquiriesBen Brewerton / Ed Westropp + 44 (0) 207 8313 3113caracalenergy.sc@fticonsulting.com

(CRCL)